$1,160,000
1203 St Margaret's Bay Road
Beds
5
Baths
4 full + 1 half
Sqft
—
Year
—
Type
Single Family
Suite
Suite potential
Location nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Beechville. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
About this home
Rare find in Halifax! Facing Lovett Lake in Beachville and located less than 15 minutes from Downtown Halifax, this newly constructed legal two-unit home offers beautiful lake views, peaceful surroundings, and excellent income potential. Ideal for buyers looking to live in one unit and offset their mortgage, or for investors seeking a strong addition to their portfolio, this property offers flexibility, comfort, and value. The upper unit spans two levels and features a bright, open layout with 3 bedrooms and 2.5 bathrooms. The main level includes an open-concept kitchen, dining, and living area with quartz countertops, modern finishes, in-unit laundry, and a convenient half bath. Upstairs, you will find three well-appointed bedrooms and two full bathrooms, including a spacious primary suite with its own ensuite and walk-in closet. The lower unit offers 2 bedrooms, kitchen, living and dining area, laundry, and a full bathroom. With two legal units, separate civic numbers, separate power meters, individual 200-amp electrical panels, and energy-efficient heat pumps for both units, this property is ideal for owner-occupants or investors. Appliances are included for both units. Enjoy quiet, nature-filled living with beautiful water views, all just minutes from the city. Estimated rental income potential is approximately $34,000 per year from the lower unit while living upstairs, or around $80,000 annually if both units are rented. This is a rare Beachville offering that combines lifestyle, convenience, and exceptional income potential in one impressive package. (id:65958)
- Subtype
- Single Family
- Architectural style
- 3 Level
- Structure
- House
- Community
- Beechville
- Common interest
- Freehold
- Living area
- 2,501 square feet
- Lot size
- 0.14 acres
- Lot dimensions
- 0.1378
- Bedrooms
- 5 above grade, 0 below grade
- Stories
- 3
- On market
- Apr 9, 2026
- Status changed
- Apr 27, 2026
- Photos
- 8
- MLS#
- 202606856
- Area
- BEECHVILLE
Features and systems
Parking
Basement
Appliances
Cooling
Exterior
Flooring
Foundation
Community
View
Waterfront
Cash on cash
-6.48%
Cap rate
3.57%
GRM
16.7
Break-even rent
$7,120
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 27, 2026.